quantguy

Litecoin Dips, Finds Support

Long
BITSTAMP:LTCUSD   Litecoin
Litecoin has retraced along with the crypto market. Unfortunately, it was not bought back as swiftly as we would like, but is still finding support at one of our technical levels at $340. This is a level we alerted you about yesterday, and many reports prior. We consider this a great level to buy or add to a position, but if it does not hold, $322 will provide further support. There is a vacuum zone after that back to the $200 handle at $291. Former all time highs at $375 will provide resistance and we'll need to cross that again before considering $417 again.

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